D1 : Looking at the Thursday, Friday and Saturday candles we can see the following : 1) Thursday's candle shows a test of the bottom of the clouds @ 52'379 2) Friday's candle shows a sharp and strong reversal pattern (long white candle) with its closing above the clouds 3) After having filled the 61.8% Fib ret @ 58'060 (intraday high @ 58'549) a "DOJI" pattern took place on a closing basis Today's ongoing pattern is showing a "potential" reversal price action; the MID BOLLINGER BAND has already been tested and should, as already mentioned several times, be considered as one of the best LEADING INDICATOR, Therefore, a daily closing below 56'286 would would give an additional support for this ongoing trend reversal. Below : S1 : 55'949 S2 : 53'838 On the upside, in order to neutralise this ongoing downside risk, BTC needs to close today , first of all : 1) above the Mid Bollinger Band and secondly : 2) above the clouds Watch shorter time frames to get clues. Have a nice Sunday All the best and take care Ironman8848
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